Which Canadian bank offers the best lowest interest credit cards02.06.2020
Bankchart.ca has surveyed the terms of the offered lowest interest credit cards in the national currency. Our website's analysts have studied the credit offers from all Canadian banks, which place rates on their websites. Review date - 02.06.2020
As of 22 May 2020 the credit cards under review have been offered by 14 banks. The average interest rate under such loans equals 12,18 % p.a. The total number of the programs available for the specified loan terms is 30.
The most affordable credit card is offered by Sears. The interest purchase rate under "Sears Credit Card" loan program constitutes 7,24 % p.a. The table below shows the best offers by each bank selected by Bankchart.ca (in terms of costs) for the aforementioned terms.
The TOP-14 lowest interest credit cards, as of 22 May 2020
#
Name
Interest Purchase Rate, %
1
7,24
interest purchase rate, %
interest rate (purchases)
7,24 %
annual fee
$ 0,00
grace period
a class of the card
MasterCard
2
8,99
interest purchase rate, %
interest rate (purchases)
8,99 %
annual fee
$ 39,00
grace period
21
a class of the card
MasterCard Gold
3
8,99
interest purchase rate, %
interest rate (purchases)
8,99 %
annual fee
$ 39,00
grace period
a class of the card
Visa
4
8,99
interest purchase rate, %
interest rate (purchases)
8,99 %
annual fee
$ 0,00
grace period
28
a class of the card
American Express
5
9,45
interest purchase rate, %
interest rate (purchases)
9,45 %
annual fee
$ 40,00
grace period
25
a class of the card
MasterCard
6
9,99
interest purchase rate, %
interest rate (purchases)
9,99 %
annual fee
$ 0,00
grace period
21
a class of the card
Visa Platinum
7
10,24
interest purchase rate, %
interest rate (purchases)
10,24 %
annual fee
$ 0,00
grace period
a class of the card
Visa
8
10,90
interest purchase rate, %
interest rate (purchases)
10,90 %
annual fee
$ 50,00
grace period
a class of the card
Visa Gold
9
11,25
interest purchase rate, %
interest rate (purchases)
11,25 %
annual fee
$ 45,00
grace period
21
a class of the card
Visa Gold
10
12,49
interest purchase rate, %
interest rate (purchases)
12,49 %
annual fee
$ 30,00
grace period
a class of the card
Visa Black
11
12,75
interest purchase rate, %
interest rate (purchases)
12,75 %
annual fee
$ 25,00
grace period
a class of the card
Visa
12
12,99
interest purchase rate, %
interest rate (purchases)
12,99 %
annual fee
$ 0,00
grace period
a class of the card
Visa
13
13,49
interest purchase rate, %
interest rate (purchases)
13,49 %
annual fee
$ 0,00
grace period
a class of the card
MasterCard
14
13,99
interest purchase rate, %
interest rate (purchases)
13,99 %
annual fee
$ 29,00
grace period
a class of the card
Visa
To view the up-to-date rating of the credit cards at our website, click here.
Published: 02 June 2020
Author: Prostobank Consulting
Source: https://bankchart.ca